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EF

Empirical Finance Portfolio holdings

AUM $2.13B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+11.75%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.43B
AUM Growth
+$72.6M
Cap. Flow
-$67.2M
Cap. Flow %
-4.68%
Top 10 Hldgs %
30.02%
Holding
534
New
24
Increased
339
Reduced
115
Closed
21

Top Buys

Rank Stock Value
1
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$1.66M
2
MSFT icon
Microsoft
MSFT
+$629K
3
VLTO icon
Veralto
VLTO
+$565K
4
PHM icon
Pultegroup
PHM
+$563K
5
DHI icon
D.R. Horton
DHI
+$536K

Top Sells

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$26.9M
2
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$10.1M
3
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$8.98M
4
IVAL icon
Alpha Architect International Quantitative Value ETF
IVAL
+$8.6M
5
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$8.25M

Sector Composition

Rank Sector Weight
1 Technology 27.37%
2 Healthcare 12.03%
3 Financials 10.77%
4 Consumer Discretionary 10.06%
5 Communication Services 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TDG icon
151
TransDigm Group
TDG
$72.6B
$1.84M 0.13%
1,822
+25
+1% +$23.1K
COF icon
152
Capital One
COF
$136B
$1.83M 0.13%
13,977
+13
+0.1% +$1.4K
ADSK icon
153
Autodesk
ADSK
$50B
$1.83M 0.13%
7,526
+42
+0.6% +$9.07K
MSI icon
154
Motorola Solutions
MSI
$73.6B
$1.83M 0.13%
5,834
+39
+0.7% +$11.8K
CTAS icon
155
Cintas
CTAS
$81B
$1.81M 0.13%
12,040
+60
+0.5% +$8.04K
AIG icon
156
American International
AIG
$41.5B
$1.8M 0.13%
26,592
-65
-0.2% -$4.14K
PCAR icon
157
PACCAR
PCAR
$69.6B
$1.77M 0.12%
18,129
+124
+0.7% +$11.1K
AZO icon
158
AutoZone
AZO
$48.8B
$1.75M 0.12%
676
-3
-0.4% -$7.78K
REGN icon
159
Regeneron Pharmaceuticals
REGN
$77.6B
$1.75M 0.12%
1,988
-2
-0.1% -$1.65K
GM icon
160
General Motors
GM
$76.1B
$1.74M 0.12%
48,471
+335
+0.7% +$10.4K
ECL icon
161
Ecolab
ECL
$78.2B
$1.72M 0.12%
8,669
+93
+1% +$16.7K
TFC icon
162
Truist Financial
TFC
$64B
$1.71M 0.12%
46,319
+224
+0.5% +$7.03K
MCHP icon
163
Microchip Technology
MCHP
$42.8B
$1.71M 0.12%
18,913
+128
+0.7% +$10.4K
F icon
164
Ford
F
$56B
$1.68M 0.12%
138,096
+929
+0.7% +$10.3K
ROST icon
165
Ross Stores
ROST
$81B
$1.68M 0.12%
12,125
+34
+0.3% +$4.24K
CARR icon
166
Carrier Global
CARR
$53.1B
$1.68M 0.12%
29,186
+218
+0.8% +$11.5K
AFL icon
167
Aflac
AFL
$63.6B
$1.67M 0.12%
20,270
-40
-0.2% -$3.22K
EW icon
168
Edwards Lifesciences
EW
$51.1B
$1.63M 0.11%
21,314
+155
+0.7% +$10.8K
IDXX icon
169
Idexx Laboratories
IDXX
$46.4B
$1.62M 0.11%
2,921
+13
+0.4% +$6.1K
SRE icon
170
Sempra
SRE
$56.5B
$1.62M 0.11%
21,684
+181
+0.8% +$12.9K
MO icon
171
Altria Group
MO
$113B
$1.62M 0.11%
40,115
+1,015
+3% +$42K
DXCM icon
172
DexCom
DXCM
$32.8B
$1.58M 0.11%
12,759
+117
+0.9% +$12K
TRV icon
173
Travelers Companies
TRV
$78.6B
$1.58M 0.11%
8,278
+9
+0.1% +$1.56K
MSCI icon
174
MSCI
MSCI
$42.2B
$1.57M 0.11%
2,777
+14
+0.5% +$7.23K
MET icon
175
MetLife
MET
$61.1B
$1.56M 0.11%
23,631
-54
-0.2% -$3.38K
5 6
7
8 9

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AAP
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BCM
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SC
SouthState Corp Winter Haven, Florida $2.14B AUM 18.39% 1-Year Est. Return
NAAA
New Age Alpha Advisors Rye, New York $2.15B AUM 27.2% 1-Year Est. Return
IVAV
Index Venture Associates VI St. Helier, Channel Islands, Jersey $2.11B AUM 13.76% 1-Year Est. Return
GA
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HJGA
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CF
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Empirical Finance's Q4 2023 Portfolio in Review

As of Q4 2023, Empirical Finance held 534 positions worth $1.43B, up 5.3% from $1.36B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Empirical Finance withdrew a net $67.2M in Q4 2023, closing 21 positions and reducing 115 holdings. Its most notable exit was iShares 0-3 Month Treasury Bond ETF, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Empirical Finance opened a new position in Veralto worth $622K.

  • Empirical Finance's largest Q4 2023 buy was Veralto: 7,563 shares worth $622K.
  • Empirical Finance added most to Alpha Architect 1-3 Month Box ETF in Q4 2023, an estimated $1.66M increase.
  • Empirical Finance's biggest Q4 2023 reduction was Alpha Architect International Quantitative Momentum ETF, cutting an estimated $10.1M.
  • Empirical Finance fully exited iShares 0-3 Month Treasury Bond ETF in Q4 2023, selling an estimated $26.9M.
  • Empirical Finance's ten largest holdings make up 30% of its $1.43B portfolio in Q4 2023.
  • Empirical Finance opened 24 new positions and closed 21 in Q4 2023.
  • Empirical Finance's portfolio value rose 5.3% quarter-over-quarter to $1.43B.

Based on Empirical Finance's 13F filing for Q4 2023, filed 14 Feb 2024.